Footwear Stocks Shine in Q2 Earnings, But Share Prices Struggle

The Consumer Discretionary sector has reported strong Q2 earnings, but share prices have taken a hit. Among footwear stocks, Nike (NYSE:NKE) and its peers reported revenues that beat analysts' consensus estimates by 1.3%. However, their share prices have declined an average of 6.3% since the latest earnings results.

Nike (NYSE:NKE), one of the biggest names in athletic footwear, reported revenues of $10.97 billion, down 1.1% year on year. This print exceeded analysts' expectations by 1.1%. Despite a strong quarter, Nike's stock is down 11.8% since reporting and currently trades at $36.21.

Steven Madden (NASDAQ:SHOO) stood out as the best performer in Q2, with revenues of $665.9 million, up 19.1% year on year. The company beat analysts' expectations by 4.8%. However, its stock is down 6.8% since reporting and currently trades at $40.46.

On the other hand, Caleres (NYSE:CAL) delivered the weakest performance against analyst estimates in the group. Despite this, the stock is up 2.5% since the results and currently trades at $12.33.